Title: Basis of Presentation
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the City of Kissimmee, Florida, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). Therefore, amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements
De Minimis Rate Used: N
Rate Explanation: The City of Kissimmee has elected not to use the de minimis indirect cost rate allowed under the OMB Uniform Guidance
The Schedule of Expenditures of Federal Awards includes the federal grant activity of the City of Kissimmee, Florida, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements
Title: Indirect Cost Rate
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the City of Kissimmee, Florida, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). Therefore, amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements
De Minimis Rate Used: N
Rate Explanation: The City of Kissimmee has elected not to use the de minimis indirect cost rate allowed under the OMB Uniform Guidance
The City of Kissimmee has elected not to use the de minimis indirect cost rate allowed under the OMB Uniform Guidance
Title: Differences between Timing of Expenditures and Reporting on SEFA
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the City of Kissimmee, Florida, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). Therefore, amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements
De Minimis Rate Used: N
Rate Explanation: The City of Kissimmee has elected not to use the de minimis indirect cost rate allowed under the OMB Uniform Guidance
Amounts reported were expended during FY23; however, the amounts were obligated and received during FY24.
Prior year Hurricane Ian expenses are as follows:
FY22 - $7,360
FY23 - $1,664,307
FY24 - $174,356